American Risk And Insurance Association
Definition of "American risk and insurance association"
Membership organization of companies, academics, and individuals in the insurance business whose interest is to further education and research in insurance and risk management. The association publishes The Journal of Risk and Insurance, which is devoted to scholarly articles on insurance, risk management, and allied fields of study.
Popular Insurance Terms
Money set aside in some states to pay otherwise uncompensated bodily injury claims to innocent victims of automobile accidents. The claimants must prove that they were not at fault and that ...
Policies generally available to the various professions that require protection for negligent acts and/or omissions resulting in bodily injury, personal injury, and/or property damage ...
Correction of a contract containing a mistake in order to prevent a party to that contract from gaining from that mistake. For example, if $1,000,000, instead of the correct amount of ...
Type of surety bond that is either a fiduciary or a court bond. Fiduciary Bond guarantees that individuals in a position of trust will safeguard assets belonging to others placed under ...
Specified limit on the dollar amount of coverage for a given loss. ...
Insurance company that does not utilize the rates and policies of a rating bureau. ...
Traditional insurance plan under which the patient can select the physician and hospital of his or her choice. The patient is responsible for paying the co-payment and the deductible and ...
Procedure in employee benefit plans to calculate life insurance and retirement benefits to which an employee is entitled. ...
System of classifying face amount of policies according to size within a given range. The premium rate per $1,000 of face amount varies on a declining basis. As the face amount increases, ...
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